airnewzealand
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QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 6:08 am

QantasNZ today announced that at 3:30am (NZ Time) it has gone into Recievership.
It has stranded some 7000 passengers, who are being rebooked on Origin Pacific and AirNZ.

Well i wonder what happened with the talks with big Brother Qantas??

Cheers
mikey
 
tullamarine
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 6:15 am

Now that it is in receivership, Qantas can pick and choose the bits of the business it wants and buy these parts for a much reduced cost.

The poor unsecured creditors and maybe staff are the ones who are short changed.
717,721/2,732/3/4/5/7/8/9,742/3/4,752/3,762/3,772,W,310,320/1,332/3,388,DC9,DC10,F28,F100,142,143,E90,CR2,D82/3/4,SF3,AT
 
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VirginFlyer
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 6:29 am

BUGGER

This isn't going to be good for competition in New Zealand.

Anyone have any details regarding why the airline went into receivership?

What a nice way to start the weekend!
V/F
"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh
 
airnewzealand
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 7:31 am

They went into Recivership as AirNZ have been stealing there Passengers. They have not made a profit in about 10Years. Though they did make a profit for three years of operation but out of 13Years. OUCH.
I think also because AirNZ are growing at a Great pace and that since there Aircrafts have all been done up and there Service is very good Ansett could not compete as they just don't have enough Money to do this!! AirNZ now serve a Full HOT meal on Flights from CHC-AKL and Vise versa.

Ansett don't they just serve a Cold Sandwhoich With a Drink!!

Poor Staff!! I wonder how they are feeling!!

Cheers
mikey
 
jasewgtn
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 7:52 am

From www.stuff.co.nz

Qantas NZ in receivership, 1100 jobs in jeopardy
21 April 2001

The lives of 1100 workers are in turmoil after Qantas New Zealand was placed in receivership early this morning.

Flights on Qantas New Zealand stopped at 10.40pm last night and receiver Michael Stiassny told NZPA this morning that franchisor Qantas Airways, in Australia, withdrew its name after receivers were appointed at 3.25am.

Shareholders in Tasman Pacific Airlines, the owner of Qantas New Zealand, said in a statement that they were deeply disappointed the airline had been placed in receivership.

They blamed Wellington Airport for insisting on an immediate payment of two months' in landing fees for forcing the receivership.

It is believed this amounts to about $600,000.

A Tasman Pacific spokesperson said the airline had battled difficult trading conditions in the past year as a result of fuel price increases and the drop in the value of the New Zealand dollar.

"However, Qantas New Zealand has been steadily regaining market share and we were positive about the ongoing viability of this airline," the spokesperson said.

"Over the past few weeks we have been investigating a range of options to keep the airline airborne, including shareholders offering to inject more capital and negotiating agreements with suppliers."

But the spokesperson said notification yesterday by Wellington Airport that it was not prepared to allow consortium planes to land from next Monday left it with no alternative but to advise its bankers.

"By insisting on immediate payment yesterday, Wellington Airport's action has made the receivership inevitable and undermined the likelihood of payment for all suppliers.

"Under the consortium's proposed forward plan, all Qantas suppliers would have received payment in full had Wellington Airport agreed."

Wellington Airport general manager of operations Graeme Ware refused to comment on Tasman Pacific's claims, but said the company was "very sorry that what has happened has happened".

He said his staff would be working closely with Qantas New Zealand to ensure minimal disruptions to passengers.

Mr Stiassny said Qantas Airways would honour all tickets and they were working with Air New Zealand and Origin Pacific to accommodate passengers on domestic routes.

"Tasman Pacific will not be flying again," he said.

"We are trying to establish what assets we have got and are looking at ways to realise them."

He said there was "not a lot of good news" for Qantas New Zealand staff.

"In insolvency we always try to sell it as a going concern ... here, we're looking at an asset sale. We won't be needing the staff for the long term."

Qantas New Zealand has 1100 staff, including 140 pilots and 180 cabin crew.

Mr Stiassny said the preferential maximum due to workers was about $6000.

Receivers tried to contact the first shift staff before they started work this morning.

"I don't think it was a surprise to them at all," Mr Stiassny said.

"The company has been in some difficulty for some time and there have been a lot of rumours about."

Tasman Pacific bought the airline a year ago from Ansett.

Air New Zealand said this morning it would provide additional capacity, particularly on main trunk routes, to cope with Qantas passengers.

It said tickets for travel on Qantas New Zealand would be accepted at face value.

Spokesman Cameron Hill said Air New Zealand would now look at how it could sustain an adequate level of air transport services in New Zealand in the absence of the Tasman Pacific operation.

Qantas NZ pilots were among staff who were turned away when they arrived for work, the Air Line Pilots' Association told NZPA.

Association president Keith Malloy said none of the approximately 140 affected pilots had yet been told officially the airline had been placed in receivership.

Mr Malloy was scathing of the way Qantas NZ had handled it.

"The law should be changed to make sure that incompetent management are held accountable for these sorts of things. They shouldn't be allowed to stuff around with good workers' jobs."

Some of the pilots were to meet today at Christchurch Airport to discuss the situation.



 
airnewzealand
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 7:57 am

Just bad!!

Cheers
mikey
 
shane
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 8:50 am

surely new zealand cant go back to only one national carrier, can it?
with any luck this will pave the way for qantas to come in and compete with airnz head on
fingers crossed, 1100 people need jobs
 
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BNE
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 10:06 am

What aircraft did Tasman Pacific use.
Maybe QANTAS Australia if that is the right term and can come in and control things how they want to.
Why fly non stop when you can connect
 
Kiwi dave
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 12:25 pm

Tasman Pacific used 8 BAe-146, 2 Dash 8-300 and 3 Dash 8-100.
 
aerokiwi
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 3:59 pm

Okay, wait a second. I've flown on the former Ansett NZ (ie. Qantas NZ) and Air NZ god only knows how many times in the last ten years and from my experience, Ansett (ie. Qantas) always set the standard. They intro'd decent meals, half decent terminals, special lounges, frequent flyer programmes and so forth. Air NZ has played catch-up most of the time but recently began to take the lead.

So Mikey, I don't quite get what you're talking about. It's not that Air NZ have been coming up with the goods before the rest, it's more a case of Qantas NZ being burdened with a high cost-structure (fleet leases are horrendous) and suffering from the pilot lockout about 15 months ago.

If anything this is bad news for Air NZ. Now either Qantas will bowl right on in with all its might, or a low cost entrant (Origin Pacific) can move in and offer what most Kiwis probably want for such short flight sectors - cheap fares, high frequency. This will be interesting.
 
Kiwi dave
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 4:26 pm

It would be interesting to Origin Pacific on main thrunk routes.
 
SInGAPORE_AIR
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 4:43 pm

Good news for Air New Zealand I presume???

Well this is good news for them. Hopefully they'll take over the market share, keep the pax, and if QFNZ rise from the ashes, they'll have a hard time gettting back trusty ANZ pax.

Good for Air New Zealand
Good for Singapore Airlines
Anyone can fly, only the best Soar.
 
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VirginFlyer
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 5:00 pm

I wonder whether this will tempt Virgin or Impulse to head across the Tasman and give New Zealand a go.

As much of a fan of Air New Zealand's that I am, I don't think it is wise to have only one major airline opperating here.

Aerokiwi is quite right, for some time in the 90's Ansett NZ's service was somewhat better than Air New Zealand's, but when I flew with QFNZ for the first (only) time at the start of this year, their service had not changed since the last time I flew on them (1999), whereas Air New Zelands had been on the improve during the latter half of the 90's

So, its sad to see a(nother) face in New Zealand aviation go under. I hope that something positive can come out of this...

V/F
"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh
 
ZK-NBT
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 6:22 pm

I have heard rumours about a Virgin franchise so I surpose thats a possibillity Hope so I'll miss those BAE 146's and Dash 8's. Scott.
 
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aerorobnz
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 6:40 pm

Amen Aerokiwi...I agree
Air New Zealand updating to 733 aircraft.....yippee...wahoo..but why did they not get new technology??? I'd rather fly Airworks ZK-NQC, this paves the way to start up those low cost services that they have been wanting to start........and as for a full hot meal AKL-CHC and return....I didn't get a full hot meal, just a cold bun with a slice of lettuce & some sundried tomatoes with an afghan to go with it.....mmmm yum
*sarcasm*...you sure that isn't just on business class??
Flown to 120 Airports in 44 Countries on 73 Operators. Visited 55 Countries and counting. Wanderlust is like Syphilis, once you have the itch it's too late for treatment.
 
airnewzealand
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Aerorobnz And AeroKiwi....

Sat Apr 21, 2001 7:20 pm

OK,
I was meaning exactly what you said in your last statement AeroKiwi, sorry if i got you mixed up. Due to Pilot strikes, it really put ZQ in the Poo, and this was the bases for them loosing big money, and starting to loose Market Share in NZ!! This is when NZ started to introduce their all NEW image and it has proved to be a big success!! Most routes have improved and with the fasing out of the Metros and Embraes, it will almost diffenately cretate more Passneger Satisfacation!!

Aerorobnz....
Did you fly between 5pm and 7pm?? This is when you usually get the Hot meal. It is for Dinner!! And YES it was in Economy not Business Class!!

What I think about this Happening......
I think it is Terrible!!! As much as i love AirNZ, i have to say this but, they are going to put the Airfares up and it is going to be rediculous Prices to travel Around NZ. I hope another airline starts up very soon!!

The prices are going to sky rocket!! And i hate that!!
I hope Qantas or Virgin come over the Ditch soon and start to fly!!

Cheers
mikey
 
Laserjet
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RE: QantasNZ Is In Receivership! (SP)....

Sat Apr 21, 2001 8:19 pm

I don't know whether any of the Australian airlines are going to come over here in a hurry. Qantas did the sums, and they didn't stack up - that's why they pulled the plug. They'll wait until things sort themselves out in Australia first - NZ isn't a big enough market to make any reasonable money on.

I think Robert Inglis and Origin Pacific may be doing some thinking about possible expansion. They have built up a sizable regional network. I'm sure that they will expand on this, although they are less likely to take a punt on the main trunk routes - not yet anyway.
 
Guest

RE: QantasNZ Is In Receivership! (SP)....

Mon Apr 23, 2001 9:26 am

Crap, Now we wont see the 717 in QF C/S. Hopefully they get it for Airlink
 
airnewzealand
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RE: QantasNZ Is In Receivership! (SP)....

Mon Apr 23, 2001 7:01 pm

Well looks like Qantas Australia wants a Key in the NZ market!! This is going to be interesting!!

Cheers
mikey
 
dutchjet
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RE: QantasNZ Is In Receivership! (SP)....

Mon Apr 23, 2001 8:01 pm

I had read that the Qantas NZ project was under-capitalized from the first moment and maybe this could have been expected. I am sorry for all the employees and inconvenienced pax. It is unlikely that NewZealand will see another carrier offereing a "comphensive" route system in that very beautiful country for a while, maybe Qantas itself will think about operating on the Auckand-Wellington-Christchurch mainline routes, or possibly one of the new Australian low-cost airlines will come to New Zealand (lets first see if they can make it economically in Australia) in the longer-term. Air New Zealand, with its partners, is now serious about keeping its home market in control; also, even with all the tourists, the home population of New Zealand is small and it is difficult to support 2 carriers.
 
ryanair
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RE: QantasNZ Is In Receivership! (SP)....

Mon Apr 23, 2001 11:33 pm

I don't see how this is good news, after all, New Zealand and Australian carriers can operate domestic flights within each others countries. Therefore now the door is open for Qantas to go into NZ itself (or via National Jet), which is very bad news for weakling ANZ being dragged down by AN.
 
shane
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RE: QantasNZ Is In Receivership! (SP)....

Tue Apr 24, 2001 1:21 am

Not to speculate too much, but by Friday dont be surprised to hear Qantas announce their intention to operate AKL WLG CHC DUD ZQN with resonable aircraft, probably 737-300s and Origin Pacific operating a feeder regional service to the smaller out ports.
But whatever the outcome, it will most likely be clear by friday and hopefully there will be some jobs created from it.
 
b744
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RE: QantasNZ Is In Receivership! (SP)....

Tue Apr 24, 2001 5:40 am

It was also reported on TV yesterday (possibly the Holmes show - can't rememeber) that Virgin Blue has always had plans to enter the NZ market and fly trans-tasman routes. Due to these recent developments, they consider these now short term plans, not long term plans.

 
airnewzealand
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RE: QantasNZ Is In Receivership! (SP)....

Tue Apr 24, 2001 6:38 pm

Yes it has diffenately been announced that they (Virgin Blue) and QANTAS are coming!! will be announced by the end of this week!!

Cheers
mikey
 
wirraway
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RE: QantasNZ Is In Receivership! (SP)....

Tue Apr 24, 2001 10:01 pm

Airnewzealand
I believe you may have it right, but remember both
Qantas and VirginBlue will operate with Aussie aircrews
and they both will operate Auckland-Wellington and
Auckland-Christchurch, the question here is, can
Air New Zealand at this stage handle the pressure
with its Ansett problems. If you Kiwis had a clue at
all, you would sell at least 50% of Ansett to Singapore.
 
airnewzealand
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Wirraway.....

Wed Apr 25, 2001 1:23 pm

You cannot say all New Zealanders are as incompetent as AirNZ management is!! They have no brain and Remeber that it is now a Australian that is running AirNZ, so do we atomatically think that all Aussies have no brain?? No i donot think so!!

Cheers
mikey
 
wirraway
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RE: QantasNZ Is In Receivership! (SP)....

Wed Apr 25, 2001 10:12 pm

Airnewzealand.
No! Toomey AFAIK is the only Aussie on the ANZ
board and I think Sir Selwin is the chairman.
 
Oz777
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RE: QantasNZ Is In Receivership! (SP)....

Wed Apr 25, 2001 10:36 pm

Wirraway:
You seem very confused as to the difference between the BOARD of Air New Zealand, and the Management!
Rest assured, there is more than one Aussie in the new management team.

Perhaps you would care to enlighten us as to the virtues of SQ taking a 50% share in AN. This has been debated before in these forums, and apart from a possible capital injection for fleet replacement, there is no other merit. In fact there are a whole series of negatives associated with a split ownership, not the least being a possible conflict of strategy, culture, marketing to name just a few.

As to Virgin going into NZ? . Well perhaps SQ (through their relationship with Branson) would not like the yields further eroded on the Tasman city pairs. Virgin will have to go through a whole new series of DOT requirements, not the least being obtaining certification for overwater flights in domestic configured aircraft.

By the way, hope you like cramped seating, no catering just for a 3 hour trip (say that sounds like the USA).

QF need the feed for their own international routes, and I think they would love Virgin to enter the market - it would lead to Virgin's demise a lot quicker

Oz777

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